CHINA - Sparton signs cement agreement

Canadian mineral and energy company Sparton Resources’ Chinese subsidiary Yunnan Sparton Environtech (YSET) has signed a cooperation agreement with the world’s largest cement manufacturer to recycle waste ash from its Chinese coal projects. Lafarge Shui On Technical Services (LSOC) is the Chinese subsidiary of Lafarge SA, a world leading building materials company. It wants to use waste coal ash as an additive in its cement manufacturing process.

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CHINA - Spur Ventures sells Chinese subsidiary

Canadian-based natural resource company Spur Ventures says the sale of its wholly-owned Chinese subsidiary Spur Chemicals (BVI) could net the company up to $14 million.

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CHINA - Yanzhou proposes Gloucester merger

Due diligence on a proposal for one of China’s biggest coal producers Yanzhou Coal to merge with Australian company Gloucester Coal is under way. 1

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COAL - Metallica sells shares to DADI group

Australian mineral resource company Metallica Minerals has sold 9 million shares in its subsidiary MetroCoal to the Chinese DADI Engineering Development Group’s Hong Kong subsidiary.

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